Which of the following is evidence of an inflationary gap?
A. Very long lines at employment agencies
B. Very short waiting times for product delivery
C. Very low sales figures
D. Very long search times for people looking for jobs
E. Very low unemployment rates
Answer: E
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Jason is a salesman who gets 40 percent of the revenue he generates for his company. This is an example of payment by _____
a. piece rent b. fixed salary c. executive compensation d. share contract
The contestable markets hypothesis differs from the requirements for perfect competition in that
A. the latter requires many competitors and the former only one … who fears competition. B. the latter doesn't require freedom of entry and the former does. C. the former requires many competitors and the latter only one … who fears competition. D. the former doesn't require freedom of entry and the latter does.